Tag: steel market update January 2026

India: BigMint’s ferrous scrap index remains stable d-o-d amid moderate market sentiments

Feb 9, 2026

—

by

Tarun Naidu

in Melting Scrap

Raw material prices remain firm d-o-d Finished steel prices increase by INR 100/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,800/tonne (t) DAP on 9 February 2026. In Mandi Gobindgarh, India’s pivotal secondary steel hub, prices remained range-bound today, underpinned by positive market sentiments. The key…